CENACE Back-Office BPO

Essentia’s CENACE Settlement Services is a Business Process Outsourcing (BPO) model designed to allow our clients to outsource their back-office functions associated with processing and managing daily CENACE Settlement Statements. Essentia’s CENACE Settlement Services offers three major types of services: Accounting Processing, Shadow Settlements, and Allocations. Our services can also be leveraged to demonstrate operational capabilities during the Accreditation stage of CENACE Market Registration. The major capabilities for each service is as follows:

Accounting Processing:

Provide a summary by the major settlement charge components for day-ahead and real-time markets with invoice or pay instructions

Generate general ledger entries by the major settlement charge components (invoices, credits, debits)

Shadow Settlements:

Validate volumes and cost for the major charge components (energy, AS, bi-lats, T&D) for day-ahead and real-time markets

Provide a summary by the charge components w/dispute instructions if needed